Local Resident Director
il y a 2 semaines
**What is a Local Resident Director?**
A local resident director is there to help a foreign owned company in your local country to manage certain local affairs to fulfill corporate responsibilities. This type of role is strictly non-executive and exists solely to satisfy a country's legal and regulatory requirements. The local resident director needs to comply with the local laws and regulations on serving as a director but no operational obligations and responsibilities.
**Qualifications**
- Over 3 years of experience in any professional fields such as law, accounting or tax
- Willing to learn the local rules and regulations on a local resident director
- Must pass background check
- Local licensed attorney or accountant
**Skills**:
- Dynamic with an entrepreneurial spirit
- Customer service oriented
- Ability to learn new technology and platforms
**Duties of This Role**
Duties will depend on a company’s needs and available resources in the country. Duties may include the following:
- Act in good faith and with all honesty on behalf of the company’s best interest
- Convene any mandatory annual meetings and file the annual returns, to the extent required by the local law
- Maintain record of the Statutory Registers, to the extent required by the local law
- Assist with opening a local bank account
**Risk Mitigation**
In order to ensure utmost compliance and lower potential risks for both our local resident directors and clients Flatfee has established the following requirements in order to accept a local resident directorship service request:
A. Our client's business must be clear and compliant
B. All Flatfee local resident directors must pass a background check (as allowed by local law)
C. Our client must issue indemnification to Flatfee as well as the local resident director as part of the appointment
D. The local resident director will act based on the local law in terms of voting, but the client will have the control of the board
E. Flatfee will engage a local attorney to ensure contract between client and the local resident director includes terms for local formalities that clearly address requirements, responsibility and liability of each party per local laws and regulations
**Time Commitment**
This is a contract opportunity to earn additional income. Hours available are based on number of client orders and projects, but in general much less than 5 hours a month with the exception of the on-boarding.
**Benefits**
- We provide clients along with support and guidance on how to act as a local resident director and you can earn additional income with minimum risks and time commitment
- Exclusively remote work
**We Want**
- Solo practitioners and small practices who wish to use their professional expertise for additional income
**Who We Are**
We have developed a system to facilitate marketing, process management, recruiting, training, and knowledge sharing as well as customer relationships with various local market places hosting small and mid-sized companies. We support business owners seeking to expand internationally with budget certainty and quality assurance.
**How We're Different**
- We exclusively assist foreign companies' expansion efforts into your local country
- No direct competition with your current domestic client
- Offers predictable assignment at set rates
- You work in teams with colleagues who offer training, support and quality control, as needed
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